Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $36.90 and traded as high as $41.91. Direxion Daily AAPL Bull 2X Shares shares last traded at $41.75, with a volume of 527,827 shares.
The company has a 50-day moving average of $36.90 and a two-hundred day moving average of $35.29. The company has a market capitalization of $116.07 million, a PE ratio of 23.89 and a beta of -1.95.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a dividend of $0.2818 per share. The ex-dividend date was Tuesday, September 24th. This is an increase from Direxion Daily AAPL Bull 2X Shares's previous quarterly dividend of $0.20. This represents a $1.13 dividend on an annualized basis and a dividend yield of 2.70%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAPU. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the third quarter worth $1,976,000. World Equity Group Inc. bought a new position in Direxion Daily AAPL Bull 2X Shares in the 2nd quarter worth $241,000. Hollencrest Capital Management bought a new position in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth $152,000. Finally, Virtu Financial LLC purchased a new stake in Direxion Daily AAPL Bull 2X Shares in the 3rd quarter worth $1,799,000.
The Direxion Daily AAPL Bull 1.5X Shares (AAPU) is an exchange-traded fund that is based on the Apple Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Apple stock. AAPU was launched on Aug 9, 2022 and is managed by Direxion.
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